Vestmark Advisory Solutions Inc. Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

Vestmark Advisory Solutions Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,362 shares of the company’s stock, valued at approximately $877,000.

A number of other large investors have also bought and sold shares of JEPI. Bleakley Financial Group LLC lifted its stake in JPMorgan Equity Premium Income ETF by 0.9% in the third quarter. Bleakley Financial Group LLC now owns 174,302 shares of the company’s stock valued at $9,953,000 after buying an additional 1,597 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF by 1.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 44,518 shares of the company’s stock worth $2,542,000 after purchasing an additional 509 shares during the period. Citigroup Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 17.5% in the 3rd quarter. Citigroup Inc. now owns 375,301 shares of the company’s stock worth $21,430,000 after purchasing an additional 55,789 shares during the period. Personal CFO Solutions LLC increased its holdings in JPMorgan Equity Premium Income ETF by 18.3% during the 3rd quarter. Personal CFO Solutions LLC now owns 15,913 shares of the company’s stock worth $909,000 after purchasing an additional 2,461 shares in the last quarter. Finally, Bridgewater Advisors Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 16.5% in the 3rd quarter. Bridgewater Advisors Inc. now owns 4,588 shares of the company’s stock valued at $258,000 after purchasing an additional 650 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $59.59 on Friday. The firm has a market cap of $43.92 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The stock’s 50-day moving average is $58.45 and its 200-day moving average is $57.47. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.72.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.3444 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, February 2nd.

JPMorgan Equity Premium Income ETF Profile

The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income. JEPI was launched on May 20, 2020 and is managed by JPMorgan.